Economy, asked by djskskdkdndnfnn, 10 months ago

17. Define production possibilities curve. State its two properties.​

Answers

Answered by kavishreya
1

Explanation:

A production possibility curve measures the maximum output of two goods using a fixed amount of input. ... The manufacture of most goods requires a mix of all four. Each point on the curve shows how much of each good will be produced when resources shift from making more of one good and less of the other.

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